Little Elm, TX

Population

Little Elm has a population of 32,581 people,
according to the Census data for 2016. Compared to 2010, this number has
increased by 6,683 people (25.8%), so we
can confidently say that the dynamics of
the population
growth are positive. If you compare the rate of population growth with the nearest cities, such
as Hurst or Farmers Branch, you will find that these cities
have a
population growth of 1,121 and a growth of 2,436 people, respectively (3%
and 8.5% correspondingly)

Race and Ethnicity

Median Household Income

The Little Elm median household income is $82,563 (according to the US Census Bureau records for 2016 ).
A household income is one of the easiest to understand statistical indicators that is used to evaluate the economy of the city.
Simply put, it is calculated by summarizing incomes of all adult members of the household.
In comparison with the data for year 2010, this figure has increased by $3241 (4.1%).
Compared with the neighboring cities, the median household income in Little Elm is lower than in Rowlett ($83,416),
but greater than in Wylie ($81,799).
The median household income in Texas is $53,207 (35.6% lower than in Little Elm)

Median Property Value

The median property value in Little Elm is $167,200 (based on US Census Bureau data
for 2016).
This means that half of the houses in the city are more expensive than this figure, and half of other houses are less.
In 2010, the property value was estimated at $149,400 (making an increase of $17,800 or 11.9% in 6 years).
Here is what the housing market looks like in nearby cities: median property price in Oak Point is
$172,100, in Bedford — $164,800.
Median property value in Texas is $136,000

Poverty Rate

A poverty rate is one of the key economic indicators. It shows the proportion of the population whose income
is less than the poverty line in the area. The lower the number is, the more prosperous the life of society is.
The current poverty rate in Little Elm is 3.8%. In the neighboring cities,
this figure is as follows: in Tioga, 3.9% of the
population live below the poverty line, in Coppell — 3.7%.
The poverty rate in Texas is 13.45%. Based on such indicators as the poverty rate, we assume that
life in Little Elm is slightly better than the average for the state.

Median Gross Rent

The median gross rent in Little Elm is $1,340 a month (as of 2016).
In 2010, this figure was higher — $1,377/mo
(+2.7%).
Please note, gross rent may include not only the rent payments, but also utility bills and some other building costs.
The median gross rent in the state of Texas is lower at
$882 per month (again, data for 2016).
The following median gross rent was registered in the neighboring cities: renters in Rowlett pay
$1,342/mo, in Ponder — $1,329/mo.

Rent Burden

The rent burden in Little Elm is 29.3% (2016).
Rent burden shows what proportion of the household income is spent on rental housing. This data is useful in estimating
the housing affordability in the city. Rent burden in Little Elm is lower than in the state of Texas,
where the rent burden is 29.3%. In neighboring cities, the situation is as follows:
rent burden is 29.6% in Duncanville,
and in Dallas — 29.2%.

Share of Renter-Occupied Housing

22.0% of housing units in Little Elm are occupied by renters (2016).
A housing unit means a house, an apartment, a mobile home, a room or any other structure that is used for habitation.
In 2010, the share of renter-occupied housing units was lower — 17.6%.
It seems that now more people live in rented houses in Little Elm than before.
Neighboring cities have the following shares of renter-occupied housing units: Fairview (22.1%), Celina (21.5%).

Renter Occupied Households

There are 2,333 renter occupied households in Little Elm (2016).
This is just a rough estimation based on Census and ESRI demographic data. Since 2015, the number of such type of households has
increased by 7% (2,333 households
in 2016 vs. 2,180 in 2015).
Nearby cities have the following renter-occupied housing unit numbers: there are 2,584 households in Rowlett, 1,824 units in Watauga.

Evictions

There were 53 evictions reported
in Little Elm in 2016.
Here are how many evictions were made in nearby cities in 2016 : 56 evictions from housing were made in Richland Hills, 50 in Prosper.
Reasons for evictions can be different-code violations, violations of the terms of the lease, etc. But often the main reason is the failure to pay the rent on time. That is why a large
number of evictions (especially when there is a tendency to increase this number) may indicate a deterioration of the economy.

Eviction Filings

The total number of eviction cases that were registered in the Little Elm in 2016 is 135.79.
Please note that some addresses may have multiple eviction cases during the year. Compared to the neighboring cities, Little Elm has less eviction cases than Wylie
(180.64 filings in 2016),
more eviction cases than Watauga
(126.52 filings).

2765 East Eldorado Parkway Five companies were registered at this address, including Monica Cornetti LLC, Encore Centre For Dance LLC. Four entities are associated with this address, including Timothy P Gorman, Kim-lan V Carlson. Two names, including Db&D LLC, Outlaw Bootcamp LLC linked to this address via UCC filings. The parcel owner name was listed as Cuden & Associates INC

3903 Spinnaker Run Point Two companies were registered at this address, including Karen Johnson Agency INC, Jf Property Investors LLC. Karen Johnson is associated with this address. Karen D Johnson linked to this address via UCC filing. The parcel owner name was listed as Johnson Charles R

3971 Spinnaker Run Point Wakil Investments LTD was registered at this address. Nasiha Ahmad is associated with this address. Alan J Hunt linked to this address via UCC filing. The parcel owner names were listed as Ahmad Zehra, Wakil Investments LTD

3813 Spinnaker Run Point R & A Construction INC was registered at this address. Ruben Lopez Rocha is associated with this address. R & A Construction INC linked to this address via UCC filing. The parcel owner names were listed as Rocha Reuben, Rocha Ruben & Martha

Sources and Citations

This research uses data from The Eviction Lab at Princeton University, a project directed by Matthew Desmond and designed by Ashley Gromis, Lavar Edmonds, James Hendrickson, Katie
Krywokulski, Lillian Leung, and Adam Porton. The Eviction Lab is funded by the JPB, Gates, and Ford Foundations as well as the Chan Zuckerberg Initiative. More information is found at evictionlab.org

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